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Mathematics, 14.02.2022 19:00 DWASS

1.11t can be written as (1.111/12)12t to give the monthly interest rate based on an annual rate of 11%. Transform the expression into a single exponent expression that gives the approximate equivalent monthly interest rate based on an annual rate of 11%.

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1.11t can be written as (1.111/12)12t to give the monthly interest rate based on an annual rate of 1...
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